24 Carmel StreetNew BritainCT06053
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Britain at 24 Carmel Street, New Britain, CT, 06053 uses $136,578 cash to close to unlock $8,858/yr annual cash flow and $738/mo monthly cash flow. Total monthly income runs $3,538/mo, and a $2,017/mo payment keeps the spread at $738/mo. Purchase price stands at $412,000, and rental yield measures 10.3% with $3,538/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $113,828 over five years. Five-year ROI reaches 138.45% and total cumulative return in cash records $189,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,538/mo property income covering a $2,017/mo payment rather than investor’s personal income.
Single Family
Built in 2007
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06053, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 6,790 (46.0%) |
| Renter Occupied HU | 7,041 (47.7%) |
| Vacant Housing Units | 945 ( 6.4%) |
| Median Home Value | $239,929 |
| Average Home Value | $277,573 |
Housing Distribution
Address Breakdown
Residential
13,907
Single Family
11,194
Multi-Family
2,713
Businesses
444
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Listed by: Margarita Grignano • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113514
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.